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Property profile & analytics
OFF-MARKET
Estimated value
$1,890,000
Commercial land
235 Stadium Dr, Hendersonville, TN 37075-3520
Entity Owned
3-yr Hold
Free & Clear
Property ID
US80-1872259
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1960
Total area
1,316 SF
Lot
3.32 ac (144,619 SF)
APN
083163C E 02300
UPID
US80-1872259
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.89M
Owner & transaction history
Maleno Stadium Townhomes LLC · 3 yrs held
Maleno Stadium Townhomes LLC
since 2023
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Hendersonville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hendersonville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$1,436 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$560
Tax year 2023
Assessed value
$15,400
Assessed 2023
Previous assessed
$28,750
-46.4% YoY
Effective rate
3.64%
On assessed value
Assessed land
$15,400
Land market value
$38,500
Total market value
$38,500
Applied tax rate
83.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1960
Heating
YES
Cooling
YES
Stories
1
Bathrooms
3
Total area
1,316 SF
Lot
3.32 ac (144,619 SF)
APN
083163C E 02300
UPID
US80-1872259
Jurisdiction
SUMNER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1960
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
3
Lot
3.32 ac
Current owner
From public records · entity-resolved
Maleno Stadium Townhomes LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2315 JAMESTOWN DR, ERIE, PA 16506-6710
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2023
$2,440,000
Maleno Stadium Townhomes LLC
Ascend Holdings LLC
Warranty Deed
—
Jan 31, 2023
$3,660,000
Maleno Stadium Townhomes LLC
Ascend Rentals LLC
Warranty Deed
—
Jan 27, 2023
—
Ascend Holdings LLC
Ascend Rentals LLC
Intrafamily Transfer
related
—
Dec 27, 2022
—
Ascend Rentals LLC
Ascend Holdings LLC
Intrafamily Transfer
related
—
Sep 27, 2019
—
Ascend Holdings LLC
—
Trustees Deed
related
$732,000 · Reliant Bk
Jul 12, 2019
$400,000
Ascend Holdings LLC
Long Frances J
Warranty Deed
—
Jan 29, 2018
$235,000
Rock Properties LLC
Integrity First Realty LLC
Warranty Deed
$235,000 · Jean Montgomery
Jan 29, 2018
$220,000
Integrity First Realty LLC
Kranz,norman F
Warranty Deed
—
Mar 13, 2015
—
Lewis E|long Frances J Jackson
Jackson Lewis E
Quit Claim Deed
related
—
Mar 2, 2015
—
Frances J|jackson Lewis E Long
Jackson Andrew F
Quit Claim Deed
related
—
Aug 21, 2006
—
Andrew F Jackson
Hendersonville Ch Of Christ
Quit Claim Deed
related
—
—
—
Rock Properties LLC
—
Deed Of Trust
related
$243,750 · F&m Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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